(Bloomberg) -- Pakistan International Airlines Corp.
plans to raise 26.5 billion rupees ($437 million) in its biggest
bond sale to cut borrowing costs and upgrade its maintenance and
training facilities.
``We have a very unhealthy balance sheet, which is in a
serious state of disrepair,'' Chairman Zaffar A. Khan said in a
July 12 interview at his office in Karachi. ``We have a lot of
debt on our books and restructuring it will give us a little
more breathing space,'' he added.
Read more at Bloomberg Emerging Markets News
plans to raise 26.5 billion rupees ($437 million) in its biggest
bond sale to cut borrowing costs and upgrade its maintenance and
training facilities.
``We have a very unhealthy balance sheet, which is in a
serious state of disrepair,'' Chairman Zaffar A. Khan said in a
July 12 interview at his office in Karachi. ``We have a lot of
debt on our books and restructuring it will give us a little
more breathing space,'' he added.
Read more at Bloomberg Emerging Markets News
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